China Estimates Brazil-Peru Train Will Cost $60 Billion

Shanghai, China, Sept. 15 – The proposed inter-oceanic railroad linking South America’s Atlantic coast with its Pacific shores via Brazil and Peru will cost around $60 billion, Peruvian Vice-President and Transport Minister Martin Vizcarra revealed Thursday. “The preliminary report says the corridor would exceed $60 billion; given these figures and other projects that could be more urgent, it has been decided to continue studying it,” said Vizcarra, who is accompanying President Pedro Pablo Kuczynski on his trip to China. The cost estimate was given by Chinese state railway construction firm China Railway Group, whose senior officials met Kuczynski in Beijing…